Yuexiu Property Unit Eyes 1.6 Billion Yuan Green Bond Issue

MT Newswires Live

05/21

Yuexiu Property (HKG:0123) wholly owned unit Joy Delight International plans to issue 1.60 billion yuan of 3.40% guaranteed green notes due 2029, according to a Thursday Hong Kong bourse filing.

The property developer said proceeds will be used to refinance certain offshore medium- to long-term debts maturing within one year and to finance or refinance eligible green projects.

The green notes will be offered to professional investors and are expected to be issued on May 28.

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